Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Bought by Forte Capital LLC ADV

Forte Capital LLC ADV raised its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 0.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 104,425 shares of the company’s stock after purchasing an additional 621 shares during the quarter. Sprouts Farmers Market accounts for about 1.5% of Forte Capital LLC ADV’s portfolio, making the stock its 18th largest position. Forte Capital LLC ADV’s holdings in Sprouts Farmers Market were worth $13,269,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Accent Capital Management LLC purchased a new position in shares of Sprouts Farmers Market in the 3rd quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sprouts Farmers Market in the 4th quarter valued at about $31,000. Avior Wealth Management LLC increased its holdings in shares of Sprouts Farmers Market by 93.5% in the 4th quarter. Avior Wealth Management LLC now owns 269 shares of the company’s stock valued at $34,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Sprouts Farmers Market by 84.1% in the 4th quarter. Global Retirement Partners LLC now owns 289 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Sprouts Farmers Market by 80.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $40,000 after acquiring an additional 162 shares during the last quarter.

Insider Activity

In other news, Director Joseph D. O’leary sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the sale, the director now directly owns 17,991 shares of the company’s stock, valued at $2,700,629.01. This trade represents a 1.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total value of $104,223.00. Following the completion of the sale, the director now directly owns 10,874 shares of the company’s stock, valued at $1,619,029.86. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,614 shares of company stock valued at $6,323,731 in the last three months. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SFM. Wells Fargo & Company raised their price target on Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Bank of America raised their price target on Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group raised their price target on Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets raised their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprouts Farmers Market presently has an average rating of “Hold” and a consensus target price of $134.50.

Sprouts Farmers Market Trading Down 3.5 %

Shares of SFM stock opened at $169.80 on Friday. The business’s 50 day moving average is $148.20 and its two-hundred day moving average is $129.27. Sprouts Farmers Market, Inc. has a twelve month low of $52.24 and a twelve month high of $178.99. The company has a market capitalization of $16.98 billion, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, February 20th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Sprouts Farmers Market had a return on equity of 28.24% and a net margin of 4.73%. Equities analysts forecast that Sprouts Farmers Market, Inc. will post 3.7 EPS for the current year.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.